Santander Bank Polska stock: Erste sets PLN 2 billion bond issue

Published on 11/10/2026 at 11:30 | Editorial responsibility: Rafael Müller, Editor-in-Chief AD HOC NEWS

Santander Bank Polska stock is tied to a new PLN 2 billion funding step under Erste Bank Polska. Settlement is scheduled for November 24.

Bond plan reshapes funding focus

Erste Bank Polska approved up to PLN 2 billion of senior preferred bonds on November 5.
Settlement is scheduled for November 24, with redemption due on November 26, 2029, subject to early redemption.
The floating coupon is set at six-month WIBOR plus a 1.20 percent annual margin.
The financing step adds a capital-markets element to Erste's ownership transition in Poland.

Santander Bank Polska, PLBZ00000044, Illustration mit AI erstellt.

Erste Bank Polska has approved a senior preferred bond issue of up to PLN 2 billion, adding a new funding milestone to the ownership transition surrounding Santander Bank Polska. The bank, previously known as Santander Bank Polska S.A., announced the decision on Thursday, November 5, 2026, in Current Report no. 39. The official report sets the terms for the Series 1/2026 senior preferred bonds.

The issue is scheduled to settle on Tuesday, November 24, 2026. The bonds are due to be redeemed on November 26, 2029, although the bank retains a right to redeem them early. Each bond will have a nominal value of PLN 500,000, while the issue price will equal nominal value.

Funding terms add regulatory relevance

The bonds will carry a floating interest rate equal to six-month WIBOR plus a margin of 1.20 percent a year. They will be unsecured and issued in dematerialised bearer form, with registration at Poland's central securities depository. Erste Bank Polska also plans to apply for admission to trading in the alternative trading system operated by the Warsaw Stock Exchange.

The bank said the liabilities may qualify as eligible liabilities under Poland's bank guarantee, deposit-guarantee and resolution framework. That classification gives the transaction a regulatory funding dimension in addition to its refinancing role. It does not by itself establish that the bonds have already been placed or admitted to trading.

The PLN 2 billion senior preferred issue is part of a broader capital-markets programme. In a separate report, Erste Bank Polska approved up to PLN 1 billion of Series 2/2026 Tier II bonds, with a planned November 24 settlement and a November 26, 2036 redemption date. Those instruments carry a margin of 1.85 percent over six-month WIBOR and would require approval from the Polish Financial Supervision Authority to qualify as Tier II capital. The details were also reported by Polish Press Agency.

Stock context remains tied to transition

For investors, the bond decision broadens the focus beyond Erste Group's effort to increase control of its Polish subsidiary. The planned financing can support the bank's liability structure and resolution-eligible funding, while the final market effect will depend on execution, investor demand and the wider capital and liquidity position.

Santander Bank Polska stock traded at 178.98 euros on Lang & Schwarz at 11:20 CET on Tuesday, November 10, 2026.